Law Firm Services
Shepard Schwartz & Harris understands the challenges that multi-partner and multi-state law practices face regarding their reporting. We provide financial and strategic guidance to several Chicago-based large and specialty legal and other professional practices.
Services Tailored to the legal industry
Financial Reporting
- Consolidation of records from multiple locations
- Year-end adjustments, including depreciation methods, accrual-to-cash adjustments and other reporting adjustments required
- Consultation and guidance regarding treatment of certain transactions
- Analysis of balance sheet and expense accounts
- Preparation of financial statements and current disclosure requirements
Tax Planning and Reporting
- Multi-state tax compliance
- Partnership income tax consultation and compliance
- Sales and use tax compliance
- Payroll tax withholding and filing
Business Advisory
- Partnership agreement services including buy/sells, valuations, etc.
- Merger & acquisition support
- Employment tax advice and compliance
- Employee benefits advice and consulting
- Retirement savings program consultation
- Internal office process efficiency modeling
Individual Partner Planning
- Education planning
- Retirement planning
- Estate and gift planning
- Individual income tax planning and compliance